Xiamen city of southeast China's Fujian Province and Ningbo city of east China's Zhejiang Province auctioned 3.07 billion yuan and 9.3 billion yuan worth of local government bonds, respectively on Tuesday. Xiamen issued overall 907 million yuan of 4-tranche general bonds, namely 3-, 5-, 7- and 10- year bonds, with the annualized yield standing at 2.78 percent, 2.98 percent, 3.14 percent and 3.13 percent respectively.
At the same time, the local government auctioned 2.16 billion yuan worth of 2-tranche special-use bonds, namely 5- and 10-year products, with the yield reaching 2.87 percent and 3.08 percent, respectively.
Ningbo floated overall 4.2 billion yuan worth of 4-tranche special-use bonds, namely 3-, 5-, 7- and 10- year general bonds, with the yield standing at 2.87 percent, 2.78 percent, 3.24 percent and 3.33 percent, respectively. Meanwhile, the city government offered 5.1 yuan worth of 4-tranche general bonds, namely 3-, 5-, 7- and 10- year products, with the yield reaching 2.87 percent, 3.08 percent, 3.24 percent and 3.33 percent, respectively.
So far, China has sold overall 900 batches of local government bonds valued at 3.34 trillion yuan in total after local government bond issuance was introduced this year, according to data from Wind Info.
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